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Wire · operational-macro

Cabinet approves Rs 17500 crore scheme to promote grid-scale energy storage system

4 November 2026 · By · Wire by Fusion42

Published

4 November 2026

Topic

operational-macro

◆ Sectors

Climate Tech

◆ Geography

India

◆ Source

Read at indianexpress.com →

◆ Verified

Fusion42 · 4 November 2026 · Fusion42 review

India's Union Cabinet has approved a Rs 17,500 crore viability gap funding scheme to promote 92 GWh of grid-scale energy storage capacity by 2031-32, significantly boosting battery and pumped hydro storage to support renewable energy integration.

This Wire brief sits within Fusion42's coverage of Climate Tech, and 2 sources have reported it.

◆ ◆ The Wire takeaway

India’s public funding for grid-scale storage marks a surge in market opportunity for renewable power storage solutions. You can now target states with budget-backed demand for battery and pumped hydro projects.

◆ Coverage

2 sources · 4 Nov 2026

◆ Related on Wire

◆ Topics

Climate Techindiaenergy-storagebattery-storagerenewable-energygovernment-subsidypower-sector